UK manufacturing M&A activity fell by more than 10% in 2023 amidst tough economic headwinds, but the sector is hopeful of a rebound in 2024 as manufacturers look to mergers and acquisitions to expedite their growth plans, according to accountancy and business advisory firm BDO.
BDO’s Manufacturing Deals Review, published today [Thursday 29 February], reports that 706 UK manufacturing deals were completed in 2023. This was down 11% on the 793 deals reported in 2022 as businesses battled inflationary pressures, protected cashflow and prioritised stability. Despite the drop, analysis shows that the slower activity was mostly confined to the first…
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